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Terminology: Fiscal Cliff and Obama Care
Give two terms that you have heard in the mass media, political arena, or in any other venue. Provide an explanation of why these two terms were designed to convey a certain point of view and discuss the effect they have on the reader. I chose the terms "Fiscal Cliff" and "Obama Care."
You're the absolute czar and head of union of 1,000 plumbers in Austin, Texas. You've the absolute power to set the wage at which the plumbers will work. You wished to achieve full employment at highest possible wage; (b) you wished to maximize the..
Suppose there are only two firms. It is better to be a quantity leader in a Stackelberg model than a member of a cartel in a one shot market. Use a graph if you want.
Assume an airline flying on the Charlotile - Chicago route has estimated the demand curves for three different types of customers: business
Plot the wage- setting and price setting equation or a property labelled graph and identity the nature rate of unemployment.
The supply curve for labor is S L = 100W, where W is the market wage. The marginal revenue product curve for the firm is D L = -50W + 450.
Article: Why you should worry about big oil. The oil industry is in the business of extracting and selling oil. It is the goal of the oil companies to do this as efficiently as possible.
Explain why competitive markets normally lead profit maximizing firms to make choices about resource use that lead to an "efficient" allocation of resources to the market?
To what extent were monetary factors responsible for the recession of 1981 and 1982? Provide a full analysis and be specific. Please site references where appropriate.
Explain what would happen to the slope or position of the AD curve in the following circumstances.
In an article on the steel industry, The Wall Street Journal noted that as steel prices were falling, steelmakers were not cutting production-Explain how advertising can be employed to allow Tots-R-Us to keep price average above cost without encoura..
Discuss how your answer relates to the income and substitution effects of a price change from Knoxville food prices to Berkeley food prices.
Using the exchange rates and prices in the tables above:
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